28,639 Shares in Honeywell Aerospace $HONA Bought by Tidal Investments LLC

Key Points

• Tidal Investments acquired 28,639 Honeywell Aerospace shares during the second quarter, valued at approximately $6.33 million. Several other institutional investors also initiated positions in the company.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $224.17. Recent target reductions ranged from $209 to $250, while one analyst issued a sell rating.
• Honeywell Aerospace shares opened at $158.26, near their 52-week low of $149.19 and well below the $297.50 high. The company reported $4.35 billion in quarterly revenue, and analysts expect full-year earnings per share of $7.75.

Tidal Investments LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,639 shares of the company's stock, valued at approximately $6,331,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HONA. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth about $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the second quarter worth about $29,000. Finally, Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace in the second quarter valued at about $29,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HONA shares. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating and a $250.00 price objective for the company. Weiss Ratings started coverage on Honeywell Aerospace in a research report on Friday. They set a "sell (d)" rating on the stock. Finally, BMO Capital Markets lowered their target price on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $158.26 on Monday. Honeywell Aerospace has a 1 year low of $149.19 and a 1 year high of $297.50. The stock's 50 day moving average is $184.60. The firm has a market cap of $50.16 billion and a P/E ratio of 84.63.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, equities research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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